20160806-Mattermark-US_Venture_Capital_Startup_Traction_Report_40页_1mb

Mattermark 2015 US Startup Funding Report Summary

Core Content

This report provides an overview of venture capital (VC) funding trends for US startups from 2006 to 2015. It highlights the performance of various funding stages, including Pre Series A, Series A, Series B, Series C, and Late Stage, and discusses the relationship between deal volume, round sizes, and company stages.

Main Points

• Overall Funding Trends (2006–2015):

  • Deal Volume: Increased by 1516%
  • Capital Deployment: Increased by 710%
  • Average Round Size: Increased by 131%
  • The report emphasizes that these trends continued into 2015, with a notable increase in both deal volume and capital deployment.

• 2015 Annual Highlights:

  • Deal Volume: Increased by 20% year-over-year, with the exception of Series D.
  • Capital Deployment: Increased by 46% year-over-year, showing a trend toward higher capital concentration and valuations.
  • Monthly Capital Deployment: June 2015 saw the highest capital deployment of any month in the past 10 years, with $6.7 billion invested.

• Seasonal Trends:

  • The report notes that deal volume typically increases in January following the holiday months of November and December.
  • Early 2016 data suggests continued low activity in Pre Series A rounds.

Key Information by Stage

Pre Series A

• Total Capital Deployed in 2015: $1.6 billion
• Deal Volume: Increased by 39% year-over-year
• Capital Deployment: Increased by 32% year-over-year
• Average Round Size: Increased from $1.2 million to $1.7 million
• Top Rounds:
  • Globality ($10M)
  • Sano ($10.25M)
  • Stellar Labs ($8.6M)
  • Jukely ($8M)
  • Ground Signal ($8M)
  • Cube26 ($7.7M)
  • Flexport ($6.9M)
  • Stringify ($6.3M)
  • Pixvana ($6M)
  • PeerlQ ($6M)

Series A

• Total Capital Deployed in 2015: $3.4 billion
• Deal Volume: Increased by 16% year-over-year
• Capital Deployment: Increased by 43% year-over-year
• Average Round Size: Increased from $8.2 million to $10.5 million
• Top Rounds:
  • Karhoo ($250M)
  • Denali Therapeutics ($217M)
  • Gritstone Oncology ($102M)
  • Clover Health ($100M)
  • Turing Pharmaceuticals ($90M)
  • Calhoun Vision ($69M)
  • NerdWallet ($64M)
  • Editas Medicine ($120M)
  • 21 Inc. ($116M)
  • ZScaler ($110M)
  • FinancialForce.com ($110M)

Series B

• Total Capital Deployed in 2015: $6.4 billion
• Deal Volume: Increased by 13% year-over-year
• Capital Deployment: Increased by 32% year-over-year
• Average Round Size: Increased from $23 million to $24.9 million
• Top Rounds:
  • Tenable Network Security ($250M)
  • GitHub ($250M)
  • OnceSource Virtual ($150M)
  • Humacyte ($150M)
  • Oscar ($145M)
  • Jet ($140M)
  • Editas Medicine ($120M)
  • 21 Inc. ($116M)
  • ZScaler ($110M)
  • FinancialForce.com ($110M)

Series C

• Total Capital Deployed in 2015: $2.2 billion
• Deal Volume: Increased by 7% year-over-year
• Capital Deployment: Increased by 29% year-over-year
• Average Round Size: Reached an all-time high in November 2015
• Top Rounds:
  • Zenefits ($500M)
  • Jet ($350M)
  • Affirm ($275M)
  • Instacart ($220M)
  • NantHealth ($200M)
  • Purch ($135M)
  • Apttus ($108M)
  • Mirantis ($100M)
  • Carbon3D ($100M)
  • Crowdstrike ($100M)

Late Stage

• Total Capital Deployed in 2015: $4.1 billion
• Deal Volume: Slightly decreased by 0.4% year-over-year
• Capital Deployment: Increased by 67% year-over-year
• Average Round Size: Converged to the low $30 million range in Q4 2015
• Top Rounds:
  • Uber ($2.8B)
  • Airbnb ($1.5B)
  • Uber ($1.2B)
  • SoFi ($1.0B)
  • Uber ($1.0B)
  • SpaceX ($1.0B)
  • Snapchat ($537M)
  • Lyft ($530M)
  • Pinterest ($367M)
  • DocuSign ($300M)

Methodology

• The report uses a combination of primary research and publicly available data from sources such as AngelList, Crunchbase, NASDAQ, and the SEC.
• It also includes relationships with thousands of investors, community leaders, and startup founders to provide a comprehensive view of the startup ecosystem.

Conclusion

The 2015 report highlights a significant increase in venture capital activity across all stages, with the most substantial growth in capital deployment compared to previous years. The data suggests a trend of increasing valuations and larger rounds, particularly in the healthcare and tech sectors, with the Bay Area leading in capital deployment across all stages. The report serves as a valuable resource for understanding the dynamics of the startup funding landscape and making informed business decisions.